BRIDGEPORT, Conn., Aug. 30,
2023 /PRNewswire/ -- M&T Bank (NYSE: MTB)
today announced that it will open a new branch in Bridgeport's East End neighborhood. The branch
will be located on Stratford Avenue between Newfield Avenue and
Central Avenue within Honey Locust
Square, a new retail development led by Anthony Stewart of Bridgeport's Ashlar Construction LLC. The
branch is expected to be completed in early 2024, pending
regulatory approval.
The choice of location was made with meaningful input from
Bridgeport leaders and community
listening sessions. It is designed to address the city's needs,
specifically its East End and East Side residents. The
1,500-square-foot space will include access to a walk-up ATM and
space for both teller transactions and meetings with M&T
bankers.
The branch will be designated as an M&T Multicultural
Banking Center. M&T has more than 100 Multicultural Banking
Centers across its footprint, designed to serve its multicultural
communities' cultural and linguistic needs. These centers also
create opportunities for businesses, nonprofits, and community
members to attend networking events, financial literacy classes,
collaborate on community projects, and more. The East End branch
will employ bankers with the cultural and linguistic skills to
serve the surrounding community.
"At M&T Bank, we believe that prosperous communities are the
foundation of successful businesses – when our communities ask for
something, we listen," said Frank
Micalizzi, Bridgeport Regional President, M&T
Bank. "This new branch is just one more component of our ongoing
commitment to the City of
Bridgeport. We deeply appreciate the partnerships we have
built with local leaders in the city, and we are excited to open
this new branch and offer greater banking access and opportunity to
all Bridgeport residents."
"Today is an exciting day for the East End of Bridgeport. I applaud M&T bank for
listening to the residents and small businesses on the dire need
for a bank in the East End and delivering for the community," said
Bridgeport Mayor Joe Ganim. "Their commitment to empowering our
community with convenient and reliable banking options will
undoubtedly enhance the economic opportunities and financial
well-being of our residents, fostering a stronger, more inclusive
future for all."
"By actively engaging with our community, M&T Bank has
stepped forward as a dedicated ally in prioritizing the financial
well-being of all Bridgeport
residents," Bridgeport City Council President, Aidee Nieves added. "Providing access to banking
services and financial guidance will help small businesses and
individuals grow and improve economic stability for the entire
community."
"M&T Bank's dedication to hiring from within the community
ensures that our talented workforce can find fulfilling employment
opportunities close to home while generating a positive ripple
effect throughout the local economy," said State Rep. Andre Baker, District 124.
Bridgeport is home to M&T's
New England Regional Headquarters, and the bank is one of the
largest employers in the city. The new branch is the latest in a
series of commitments M&T has made to Connecticut and its residents, which has
included two new branches in Waterford and Newington, the launch of M&T's second
Multicultural Small Business Lab in Bridgeport, $6.45
million in grants to over 44 nonprofits across the state,
and the support of small businesses, including through M&T's
Spotlight Shop.
About M&T Bank
M&T is a financial holding company headquartered
in Buffalo, New York.
M&T's principal banking subsidiary, M&T Bank, provides
banking products and services in 12 states across the eastern U.S.
from Maine to Virginia and Washington,
D.C. Trust-related services are provided in select markets in
the U.S. and abroad by M&T's Wilmington Trust-affiliated
companies and by M&T Bank.
Media Contact:
Frank Lentini
M&T Bank
+1 (929) 651-0447
flentini@mtb.com
Equal Housing Lender. © 2023 M&T Bank. Member FDIC.
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SOURCE M&T Bank Corporation